The Filing Desk

Dave & Buster's vs Wendy's

Dave & Buster's PLAY · Wendy's WEN · Restaurants

Wendy's reported revenue of $2.2 billion in fiscal 2025, about the same as Dave & Buster's $2.1 billion in fiscal 2025. Dave & Buster's revenue fell 1.4% in its latest year, and Wendy's fell 3.1%. Dave & Buster's had an operating margin of 4.1%, against 15.8% at Wendy's. Free cash flow was −$101 million at Dave & Buster's and $243 million at Wendy's. Their fiscal years end in different months (February 3 and December 28), so the periods don't line up exactly.

Side by side

Dave & Buster'sWendy's
Latest fiscal yearFY2025, Feb 3, 2026FY2025, Dec 28, 2025
Revenue$2.1B$2.2B
Revenue growth−1.4%−3.1%
Revenue growth a year, last 5 years37.0%4.7%
Gross margin85.7%63.6%
Operating margin4.1%15.8%
Net margin−2.3%7.6%
Free cash flow−$101M$243M
Free cash flow margin−4.8%11.2%
Return on capital4.1%7.8%
Net debt to EBITDA4.3x6.3x
Dividends and buybacks$24M$330M
Change in diluted share count−13.3%−5.6%
Last close$7.07$6.19
P/E at the last close—9.4×
Insider trades, last 12 monthsbought $122,033, sold $102,668bought $17,846, sold $0
Piotroski F-score6 of 94 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Dave & Buster'sWendy's
Operating margin
Percent of revenue
Dave & Buster'sWendy's
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Dave & Buster'sWendy's

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Dave & Buster's and Wendy's pages.